{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-019578","form_type":"8-K","ticker":"CLPR","cik":"0001649096","company_name":"Clipper Realty Inc.","filed_at":"2025-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.192182+00:00","generated_at":"2026-05-19T22:03:43.257288+00:00","sec_items":["1.02","2.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Clipper Realty completes sale of NYC property for $45.5M, repays $31.2M mortgage","bullets":["Gross sale price $45.5M; after closing costs (~$1.9M) and mortgage payoff ($31.2M + $0.8M interest), net cash proceeds ~$13.8M.","Property at 10 West 65th St sold to unaffiliated buyer; mortgage to Flagstar Bank fully repaid without penalty.","Pro forma financials show annual revenue reduced by ~$4.1M and operating expenses by ~$3.4M (based on 2024 data).","Sale generated a pro forma loss on disposition of $0.5M; net loss per share improves from ($0.25) to ($0.20) for FY 2024.","Company received $1.1M in previously deposited property tax escrow and debt reserves upon mortgage release."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-019578","json":"https://secwatch.observer/filing/0001437749-25-019578.json","markdown":"https://secwatch.observer/filing/0001437749-25-019578.md","text":"https://secwatch.observer/filing/0001437749-25-019578.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925019578/0001437749-25-019578-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925019578/clpr20250605_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T22:03:43.257288+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9830db907d22081f709c6299ca57c9a9cddde60","claim":"Clipper Realty Inc. completed a disposition involving 10 West 65, LLC for gross proceeds of $45.5 million less approximately $1.9 million in closing costs (closed 2025-05-30).","evidence_excerpt":"On May 30, 2025, the Company completed the sale of the Property (the “Sale Transaction”) pursuant to the Purchase and Sale Agreement (the “Agreement”) with 10 West 65, LLC, a limited liability company not affiliated with the Company (“Purchaser”) dated as of April 2, 2025 (the “Effective Date”) for gross proceeds of $45.5 million less approximately $1.9 million in closing costs.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649096/000143774925019578/0001437749-25-019578-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"10 West 65, LLC"},{"label":"Consideration","value":"gross proceeds of $45.5 million less approximately $1.9 million in closing costs"},{"label":"Closing","value":"2025-05-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}